Fire & Police Employees Combined Combined Net
Description System System Systems Systems Change
FY 2025 FY 2025 Totals FY 2025 Totals FY 2024
Net Assets Restricted for Pension Benefits 2,395,605,595$ 1,974,211,816 $ 4,369,817,411 $ 4,018,475,782 $ 8.74% Net increase (decrease) in Assets 192,234,779$ 159,106,850 $ 351,341,629 $ 289,325,945 $ Retirement Benefits Payments 88,825,126$ 87,217,530 $ 176,042,656 $ 168,236,879 $ 4.64% Annualized Investment Returns:
One Year Performance 11.08% 10.59%
Three Years Performance 10.48% 4.06%
Five Year Performance 10.36% 8.42%
Ten Year Performance 8.27% 7.49%
Twenty Year Performance 7.57% 7.57%
Twenty-Five Year Performance 6.87% 6.89%
Asset Allocation Targets:
Equities
Domestic Equities
21.00% 22.50%
International Equities 18.00% 18.00%
Private Equities 8.00% 6.50%
Total Equities 47.00% 47.00%
Rates/Credit
Core Fixed Income
12.00% 13.00%
High Yield Fixed Income 0.00% 0.00%
Private Debt/Credit 14.00% 14.00%
Total Rates/Credit 26.00% 27.00%
Real Assets
Core Real Estate 6.00% 9.00%
Non-Core Real Estate 9.00% 6.00%
Infrastructure 7.00% 7.00%
Total Real Assets 22.00% 22.00%
Multi-Asset
Alternative Credit
4.00% 4.00%
Midstream Energy 0.00% 0.00%
Total Multi-Assets 4.00% 4.00%
Short-Term Investments 1.00% 0.00%
Total Asset Allocation 100.00% 100.00%
Membership:
Active 1,219 3,052 4,271 4,193 1.86% Retired 1,246 2,344 3,590 3,523 1.90% Inactive Deferred Vested 65 253 318 311 2.25% Totals 2,530 5,649 8,179 8,027 1.89% Contributions
Member Contributions 13,580,439 $ 20,771,353 $ 34,351,792 $ 31,940,851 $ 7.55% City Contributions 31,778,983 $ 31,558,297 $ 63,337,280 $ 59,256,535 $ 6.89% City/Member Normal Actuarially Determined Contribution Rates: Member Member City City Fire and Police Tier 1 - 29.92% 30.25%
Fire and Police Tier 2 9.00% 25.34% 25.47%
Fire and Police Blended City rate net 23.09%* 21.08%
Employees System 9.61%* 14.06%* 13.38%
Actuarial Funding Status:
Actuarial Funding Staus 116.2% 114.0%
Market Value Funding Status 120.9% 118.6%
Actuarial Assumptions:
Annual Inflation 2.50% 2.50% 2.50%
Annual Investment Assumption 6.75% 6.75% 6.75%
Financial Reporting (GAS 67)
Net Pension Liability % of Total Liability 114.1% 112.9% *Rate not implemented